(MENAFN - UkrinForm) In 2020, the negative balance of foreign trade in goods and services decreased by 14.4 times compared to 2019: from $3.69 billion up to $255.5 million, according to the Ukrainian Ministry of Development of Economy, Trade and Agriculture.
Exports of goods from Ukraine decreased by 1.7% last year and amounted to $49.2 billion. Due to much more significant reduction in imports, the negative balance in trade fell from $10.7 billion up to $4.8 billion. Exports of services last year decreased by 28.5% up to $11.167 billion, the balance of trade in services was positive and amounted to $5,957.9 billion dollars.
Taking into account the State Statistics Committee s methodology on the subtraction of the cost of services for processing goods for sale abroad, in the joint statistics on goods and services, the total balance amounted to $255.5 million. It is noted that the largest decline in exports occurred in March-May 2020, after which exports stabilized, and there has b